Hyatt
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Gaius Cornelius
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{{Infobox Company
| company_name = Hyatt Hotels
| company_logo = [[Image:Hyatt.png|centre]]
| company_type = [[Hotels]]| foundation = 1957
| location = [[Chicago]], [[Illinois]]
| key_people =
| area_served = International
| industry = [[Hospitality]]
| products = Hotels| revenue =
| operating_income =
| net_income =
| num_employees =
|parent = [[Global Hyatt Corporation]]
| subsid =
| homepage = [http://www.hyatt.com Hyatt Hotels]| footnotes =
}}
[[Image:Shanghai Grand Hyatt Atrium.jpg|thumb|250px|Looking up inside the 32-story atrium of the Shanghai Grand Hyatt, part of the [[Jin Mao Building]].]]
[[Image:HollywoodHyatt 03.jpg|thumbnail|right|250px|[[Hyatt West Hollywood]] in [[West Hollywood, California]]]]
[[Image:Hyatt-regency-atlanta-side.jpg|thumb|250px|Hyatt Regency in [[Atlanta, Georgia]]]]
[[Image:32396hyattregency06fl.jpg|right|thumb|250px|Hyatt Regency in [[Delhi]], [[India]]]]
[[Image:Hyatt Regency Cologne (2007) 2.jpg|thumb|right|250px|A Hyatt Regency in [[Cologne]], Germany. The KölnTriangle is in the background.]]
[[Image:Hyattregencysantaclara.jpg|thumb|right|250px|A Hyatt Regency in [[Santa Clara, California]], in the [[United States]].]]
[[Image:HyattOrlandoAirport.jpg|right|thumb|250px|Hyatt Regency at [[Orlando International Airport]]]]
'''Hyatt''' is an international brand of hotels within the [[Global Hyatt Corporation]] that operates numerous properties.
[[Mark Hoplamazian|Mark S. Hoplamazian]] is the current President and CEO of Global Hyatt Corporation. He took over the position on [[28 November]] [[2006]].
[[Hyatt Center]] (completed in 2005 & located in downtown Chicago at 71 South Wacker Drive), is the headquarters for Hyatt corporation. Prior to this, the corporate headquarters was around the corner at 200 West Madison Street.
==History==
The Hyatt Corporation was born upon purchase of the Hyatt House, at [[Los Angeles International Airport]] on [[September 27]], [[1957]]. The original owners were entrepreneurs, Hyatt R. von Dehn and [[Jack D. Crouch]]. Hyatt R. von Dehn was eager to get out of the hotel business after a few years, so he sold his share in the hotel to [[Jay Pritzker]]. Mr Pritzker heard the hotel was for sale while sitting in its coffee shop, called "Fat Eddie’s", waiting for a flight. He scribbled a bid for $2.2 million dollars on a napkin, and the Hyatt Corporation was born.{{Fact|date=February 2007}} (That’s the equivalent of $15,770,581 in 2006). Jay Pritzker and [[Jack D. Crouch]] remained partners until 1965, opening airport hotels in several cities including San Francisco, Seattle, and San Jose. Crouch stepped away from Hyatt to pursue other hotel ventures, while Jay and his younger brother, Don continued to run Hyatt.
The Hyatt became famous after the chain opened the world's first atrium hotel in 1967, the [[Hyatt Regency Atlanta]],<ref>[http://atlantaregency.hyatt.com/hyatt/hotels/index.jsp Atlanta hotels]</ref> a decade after opening its first hotel.
In 1969, Hyatt opened its first hotel overseas, the Hyatt Regency Hong Kong (which closed at the end of 2005 and was demolished, the new one will open in 2009[http://www.nwd.com.hk/html/eng/press_release_news.asp?itemID=178]). In 1980, the Grand Hyatt and Park Hyatt brands were introduced. Hyatt has become known for its resorts after the opening of Hyatt Regency [[Maui]]<ref> [http://maui.hyatt.com/hyatt/hotels/index.jsp Maui Hotels]</ref> in 1980. Today Hyatt has over 340 hotels worldwide.<ref> [http://www.hyatt.com/hyatt/features/index.jsp Hyatt Locations]</ref>
In December 2004, [[Global Hyatt]] announced it would acquire [[AmeriSuites]], an upscale chain of all suite business class hotels from affiliates of the [[Blackstone Group]], a [[New York]] based private equity investment firm. Blackstone had inherited AmeriSuites from its 2004 acquisition of Prime Hospitality. The AmeriSuites chain is being rebranded and converted to a new concept called [[Hyatt Place]]. With Hyatt Place, Global Hyatt will better compete with the limited service products Courtyard by Marriott and Hilton Garden Inn offered by industry leaders Marriott International and Hilton Hotels Corp.
In December 2005, Global Hyatt announced a second limited service acquisition, [[Summerfield Suites]]. Again the seller was the [[Blackstone Group]]. Blackstone had inherited Summerfield Suites from its purchase of [[Wyndham International]]. Summerfield Suites will be rebranded as Hyatt [[Summerfield Suites]] and positioned to compete in the upscale extended stay market against brands such as [[Residence Inn]], Homewood Suites and Staybridge Suites.
In June 2008, Harmit Singh was named as the new Chief Financial Officer. He is expected to be one of the main influences for huge growth in the Hyatt brand in the next 5 years.[http://www.hotelinteractive.com/hi_index.asp?page_id=5000&article_id=10778]
==Brands==
The Hyatt Group operates several chains of hotel. The Hyatt Regency brand is the oldest brand in the Hyatt hotel chain, with the Grand Hyatt and Park Hyatt brands being introduced in 1980.{{Fact|date=June 2008}} Of these properties, some are styled as "Resort" properties, and may feature [[spa]]s or other recreational facilities.{{Fact|date=June 2008}}
Other brands include the Hyatt Place concept, designed as a limited service offering targeted to the business traveler. An extended stay chain, [[Summerfield Suites]], was acquired by Hyatt in 2005, and features 20 locations in the United states. Hyatt also launched a new brand, Andaz, in April 2007.<ref>[http://asia.news.yahoo.com/070413/4/308se.html]</ref> The first hotel to bear this brand is be The Great Eastern Hotel in [[London]], with additional properties planned for [[New York]] and [[Austin, TX]].<ref>[http://www.hotelnewsresource.com/article29431.html]</ref>
In addition to hotels, the Hyatt Group also operates apartment properties. These properties, called the Hyatt Residency, are co-located with Grand or Park Hyatt properties.{{Fact|date=June 2008}} The group also offers retial home décor and furnishings through Hyatt at Home, an online store featuring luxury products.{{Fact|date=June 2008}}
==Notable properties ==
'''Atlanta'''
The [http://atlantaregency.hyatt.com/hyatt/hotels/index.jsp Hyatt Regency Atlanta] was built in 1967 and was the first contemporary atrium hotel in the world. The hotel is also notable for being the first Regency hotel in the Hyatt brand. The hotel was influential in helping Atlanta develop into the international destination that it is today, and to this day remains the only major downtown Atlanta hotel with a front drive on the famed Peachtree Street.
'''United Arab Emirates'''
The [[Grand Hyatt Dubai]], [[United Arab Emirates]]<ref>[http://dubai.grand.hyatt.com/hyatt/hotels/index.jsp Dubai Hotels]</ref> is actually owned by the ruling [[Sheikh]] of [[Dubai]] although it carries the Hyatt name and logo. It consists of the Grand Hyatt which is a hotel, and the Hyatt Residency which are residential apartments.
'''Shanghai'''
The [[Grand Hyatt Shanghai]]<ref>[http://shanghai.grand.hyatt.com/hyatt/hotels/index.jsp Shanghai Hotels]</ref> is located in the [[Jin Mao tower]] (floors 53 to 87). It has a ballroom for 1200 people, and meeting rooms which seat 400 comfortably. It claims the title of ''Highest Hotel In The World'' and welcomes guests in a 33 floor atrium.
'''Hollywood'''
The Continental Hyatt Hotel was in the movie ''[[Almost Famous]]'' starring [[Kate Hudson]] (2000), and its pool has featured in several films including ''[[This is Spinal Tap]]'' (1984), and the Park Hyatt Hotel in [[Century City]] was the scene of the famous "6th floor into swimming pool" scene in the 1989 movie ''[[Lethal Weapon 2]]'' starring [[Mel Gibson]] and [[Danny Glover]].
'''San Francisco'''
The Hyatt Regency San Francisco provides a rooftop [[revolving restaurant]] called Equinox, offering 360-degree views of the city and the bay. This hotel was sold<ref>[http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2007/01/08/daily3.html San Francisco Regency] - Sold</ref> for close to $200 million to Dune Capital Management and DiNapoli Capital Partners in January 2007 – roughly $250,000 for each of the hotels 802 rooms. The property has been used several times as a filming location, featured most prominently in the Mel Brooks comedy ''[[High Anxiety]]''.
'''Tokyo'''
The Park Hyatt Tokyo was featured prominently in [[Lost in Translation]].
'''Dallas'''
The Hyatt Regency Dallas, along with the fifty-story [[Reunion Tower]], were featured prominently at the beginning of the opening credits of the television series [[Dallas (TV series)|''Dallas'']].
==World Events and Hyatt==
[[Australia]] - The 2006 [[G20]] Meeting of Finance Ministers and Central Bank Governors was held at the Grand Hyatt in [[Melbourne]] between [[18 November]] and [[19 November]] [[2006]].
[[Israel]] - On [[November 17]], [[2001]], Israeli tourism minister [[Rehavam Ze'evi]] was [[Assassination|assassinated]] in the Jerusalem Hyatt Regency on [[Mount Scopus]].
[[Jordan]] - On [[November 9]], [[2005]], the Grand Hyatt Hotel in Amman, Jordan was targeted by a series of coordinated terrorist attacks along with a Radisson SAS and a Days Inn hotel.
[[Philippines]] - The Hyatt Terraces Baguio in the northern city of [[Baguio]] collapsed after a [[July 16]], [[1990]] [[earthquake]].
[[United States]] - During [[Hurricane Katrina]], the Hyatt Regency Hotel in [[New Orleans]], United States received significant damage as almost all of its windows were blown out and the bottom floor was torn apart by [[flood]] damage. Repair work is underway and the hotel was reopened for business in [[Autumn|Fall]] 2007.
{{main|Hyatt Regency walkway collapse}}
[[United States]] - The Hyatt Regency Kansas City in [[Kansas City, Missouri|Kansas City]], [[Missouri]] was the site of one of the worst hotel disasters in US history. On [[July 17]], [[1981]] two of the three skybridges that transversed the hotel's lobby [[Hyatt Regency walkway collapse|collapsed]] during a tea dance. The walkways were packed with people when a structural failure occurred causing one bridge, which was hung from the bridge above it, to pull both bridges loose from the ceiling and collapse. 114 people were killed and over 200 were injured. The hotel was later renamed the Hyatt Regency [[Crown Center]].
[[United States]] - During [[Hurricane Alicia]] in 1983, the Hyatt Regency in Downtown Houston sustained damage where 74 windows were damaged; Alicia was a [[Category 3]] storm.
== Notes ==
{{reflist}}
==External links==
{{Commonscat|Hyatt}}
*[http://www.hyatt.com/ Hyatt Hotels Official Site]
*Hyatt Place - [http://www.hyattplace.com/ Business Travel Hotel]
*Summerfield Suites - Extended Stay [http://www.summerfieldsuites.com/ Hotel Suites]
*Hyatt Vacation Club - Time share [http://www.hyatt.com/hvc/index.jhtml?icamp=hyattHVCLogo Vacation Ownership]
*[http://www.hyattcentraleurope.com/ Hyatt Hotels Central Europe]
[[Category:Braniff]]
[[Category:Hotel chains]]
[[Category:Companies established in 1957]]
[[Category:Modernist architecture]]
[[Category:Global Hyatt]]
[[Category:Companies based in Chicago, Illinois]]
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